Contract Law

Understanding Surety Agreements: Risks, Advisability, Requirements, and Remedies

Shirleen Kamfer-Phiri
Contract Law, Debt Collection

Signing as a surety involves agreeing to take responsibility for another party’s debt or obligation if they fail to fulfil it. While surety agreements can be essential in business and personal finance, they come with significant risks and require careful consideration. This article outlines the dangers of signing as a…

The Importance of Consulting an Attorney When Drafting Contracts in South Africa

Shirleen Kamfer-Phiri
Contract Law

Drafting contracts is a critical aspect of conducting business and personal affairs. A well-drafted contract ensures that all parties understand their rights and obligations, thereby minimizing disputes. However, the complexities involved in contract drafting necessitate consulting with an attorney to ensure that the contract is legally sound and enforceable. The…